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  2. Board Of Aldermen - Minutes - 9/8/2021 - P29

Board Of Aldermen - Minutes - 9/8/2021 - P29

By dnadmin on Mon, 11/07/2022 - 07:09
Document Date
Wed, 09/08/2021 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Wed, 09/08/2021 - 00:00
Page Number
29
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__090820…

Ineligible Uses -Local Fiscal Recovery Funds

Pension Fund Deposits
Extraordinary contributions to a pension fund for the purpose of reducing an accrued,
unfunded liability are ineligible. Funds can be used for routing payroll contributions for

employee pensions.

Rainy Day Funds or Financial Reserves
Replenishing rainy day or other reserve funds is not considered a government service

and is therefore ineligible.

General Infrastructure
General infrastructure spending above the amount allocated under the revenue loss
provision is not covered as an eligible use except for water, sewer, and broadband

infrastructure.

Debt Service & Legal Settlements

Paying interest or principal on outstanding debt and expenses related to legal
settlements or judgements do not qualify.

Page Image
Board Of Aldermen - Minutes - 9/8/2021 - P29

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